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🚨 VCI Global — a Malaysian tech consulting firm — plans to acquire $100M worth of $OOB tokens, the utility token of @OobitApp, supported by @Tether_to! 💥
🔹 $50M already secured through restricted shares issued to the OOB Foundation.
🔹 Another $50M to be repurchased from the secondary market after the token’s public launch.
🔹 Once completed, Tether will become VCI Global’s largest shareholder.
#VCIGlobal #OOB #Oobi t #Tether #CryptoNews #Binance #Blockchain #CryptoMarket #Web3 #Altcoins #CryptoUpdate
🔹 $50M already secured through restricted shares issued to the OOB Foundation.
🔹 Another $50M to be repurchased from the secondary market after the token’s public launch.
🔹 Once completed, Tether will become VCI Global’s largest shareholder.
#VCIGlobal #OOB #Oobi t #Tether #CryptoNews #Binance #Blockchain #CryptoMarket #Web3 #Altcoins #CryptoUpdate
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VCI Global and the OOB Deal: The Risky Combination Between Malaysian Technology and the Giant Tether
The global technology market has just witnessed an ambitious and complex asset merger as the Malaysian technology group, VCI Global, announced a deal worth up to 100 million USD to acquire a large amount of token #OOB , a digital asset owned by Oobit, a rapidly growing cryptocurrency payment platform backed by Tether.
This hundred million dollar deal is set to be executed in two distinct phases, with different payment methods and timings. The first phase, which has already been completed, saw VCI Global issue 50 million USD in shares directly to OOB Foundation. This is a strategic move; instead of using cash, VCI Global used its own shares to pay for the tokens, thereby strengthening the partnership and deepening the bond between the two parties. This direct share issuance provides stability to the agreement but could also create certain fluctuations in the stock market for VCI Global, a publicly listed company.
This hundred million dollar deal is set to be executed in two distinct phases, with different payment methods and timings. The first phase, which has already been completed, saw VCI Global issue 50 million USD in shares directly to OOB Foundation. This is a strategic move; instead of using cash, VCI Global used its own shares to pay for the tokens, thereby strengthening the partnership and deepening the bond between the two parties. This direct share issuance provides stability to the agreement but could also create certain fluctuations in the stock market for VCI Global, a publicly listed company.
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November 18
Market Trends
BTC continues to decline, altcoins are broadly falling. Large institution #贝莱德基金 sold $600 million in BTC and ETH, and Solana's largest US stock treasury sold $200 million #solana .
US stocks continue to decline.
Market Highlights
1. Privacy coins Zen, Dusk, Mina, etc. are rebounding. #zen is on OK.
2. Payment #OOB is rising, which is a crypto payment for stablecoin Tether investment #Oobit , with a market value of $400 million.
Market Trends
BTC continues to decline, altcoins are broadly falling. Large institution #贝莱德基金 sold $600 million in BTC and ETH, and Solana's largest US stock treasury sold $200 million #solana .
US stocks continue to decline.
Market Highlights
1. Privacy coins Zen, Dusk, Mina, etc. are rebounding. #zen is on OK.
2. Payment #OOB is rising, which is a crypto payment for stablecoin Tether investment #Oobit , with a market value of $400 million.
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#oob
Logged into the sea monster of the three major institutions in the United States.
The market value is very large, comparable to ORCA......
It even exceeds the market value of $ORCA ,
Intending to create a payment system, feels like a gimmick.
However, I personally believe the chances of a stable rise are very, very high......
Almost over 99%...
It's just that the market value has too much speculation, everyone decides for themselves whether to pursue...
Or to take a large position in a swing trade...
Logged into the sea monster of the three major institutions in the United States.
The market value is very large, comparable to ORCA......
It even exceeds the market value of $ORCA ,
Intending to create a payment system, feels like a gimmick.
However, I personally believe the chances of a stable rise are very, very high......
Almost over 99%...
It's just that the market value has too much speculation, everyone decides for themselves whether to pursue...
Or to take a large position in a swing trade...
🚨 Breaking News: VCI Global Acquires $100M in OOB Token — Tether Becomes Major Shareholder! 💥
VCI Global has just made a massive move by purchasing $100 million worth of $OOB tokens, officially making Tether the largest shareholder in the project.
This partnership could signal stronger liquidity, increased adoption, and major institutional confidence in the Oobit ecosystem — a platform bridging crypto payments with real-world usability.
🔹 Deal Value: $100M
🔹 New Major Shareholder: Tether
🔹 Project: Oobit ($OOB)
Many investors now believe this move could mark a turning point for mobile crypto payments worldwide. 🌍💳
#CryptoNews #OOB #Tether #VCIGlobal #BinanceSquare $BTC
VCI Global has just made a massive move by purchasing $100 million worth of $OOB tokens, officially making Tether the largest shareholder in the project.
This partnership could signal stronger liquidity, increased adoption, and major institutional confidence in the Oobit ecosystem — a platform bridging crypto payments with real-world usability.
🔹 Deal Value: $100M
🔹 New Major Shareholder: Tether
🔹 Project: Oobit ($OOB)
Many investors now believe this move could mark a turning point for mobile crypto payments worldwide. 🌍💳
#CryptoNews #OOB #Tether #VCIGlobal #BinanceSquare $BTC
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